Will Ukraine War Impact Fla. Real Estate?
On the one hand, Fla. is the No. 1 state for Russian RE investing – 29% of all U.S. purchases. On the other, Russian buyers make up only 0.8% of all foreign purchases.
Rising Rates Dampen Demand for Second Homes
Rising mortgage rates and home prices have dampened demand for vacation homes. As voluntary purchases, they tend to be more sensitive to market changes.
CBRE Survey: Commercial Investment to Grow 10%
Investors are expected to keep targeting real estate for attractive returns relative to other asset classes – and increasingly as a hedge against inflation.
HUD Gives Fla. $114M to Help the Homeless
The U.S. will spend $2.6B in the next fiscal year to end homelessness, with 328 Fla. agencies receiving anywhere from $10,000 to $3.2 million.
Fla.: 2nd Highest for Foreclosures – But No Big Deal
Foreclosures are low and inching their way back to normal, with no post-pandemic impact so far. Still, only Calif. had more than Fla. in January.
Failed Insurers to Boost All Fla. Insurance Costs
To recoup money lost because insurers failed, the Fla. IGA OK’d a 1.3% assessment on all state policies, including homeowners, aircraft, flood, malpractice and more.
How to Boost Biz? First-Time Buyer Seminars
“Host, advertise and teach a first-time homebuyer seminar” sounds like a lot of unpaid work, but this group is desperate for info – and someone to represent them.
Top Tactic of Buyers to Win Bidding Wars? Cash
A Redfin survey of agents found all-cash offers 334% more effective in bidding wars – but escalation clauses and waiving inspection contingencies had little impact.
2nd Suspect Arrested in S. Fla. Real State Scam
The second suspect was arrested in a Kissimmee hotel and sent back to Miami-Dade. The first suspect turned herself in earlier; the third is still at large.
Credit Scores: ‘Buy Now, Pay Later’ Doesn’t Help
Retail websites introduced offers like “4 monthly installments,” and credit score firms may consider them under payment history – but they haven’t done so yet.